showCASE 32 | Italian banks: an awkward attempt to pull the sector away from the brink

Since the onset of the Eurozone crisis, the Italian economy has flirted repeatedly with a full-blown banking crisis. The recent purchase of two of the country’s ailing lenders, Banca Popolare di Vicenza and Veneto Banca, by Intesa Sanpaolo, does not provide room for respite. Instead, it underscores how close to the brink the Italian banking sector stands. Will it be a thousand cuts or a major blow that finally sets banks adrift in Italy?

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Source: Reuters